FTX Hit By Mysterious $662 Million Outflow Amid Revelation That SBF Implemented Bookkeeping “Backdoor”

True Pundit November 15, 2022

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Sam Bankman-Fried’s now bankrupted crypto exchange FTX plunged into further chaos late Friday night and Saturday morning after the company detected unauthorized transactions.

Bloomberg said the exchange was “hit by a mysterious outflow of about $662 million in tokens in the past 24 hours.”

These outflows came just hours after FTX filed for bankruptcy on Friday, and customers rushed to withdraw $6 billion over the last several days amid a failed Binance rescue deal.

Ryne Miller, the exchange’s US general counsel, tweeted that FTX had begun moving digital assets into cold storage, adding the process was “to mitigate damage upon observing unauthorized transactions.”

Bloomberg cited data from blockchain analytics firm Nansen, which said $662 million in withdrawals flowed out of FTX’s US and international exchanges. But in a separate analysis, research firm Elliptic noted $475 million had been stolen from FTX in transactions via stablecoins and other tokens that were converted into Ether.- READ MORE

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Hot Wire — They Warned You About this Crew 250+ Years Ago

***************************** SUBJECT: HOMELAND SECURITY AND DOD MEETING STAFF: Chief, Deputy Chiefs of Staff, Steven Munoz, Troup Hemenway, and Joseph Guy, Acting Director of ICE, Todd Lyons, CBP Commissioner, Rodney Scott, Liaison Officer, DoD, Philip Hegseth ATTENDEES: Pete Hegseth, Secretary of Defense General Dan Caine, Chairman of the Joint Chiefs of Staff General Gregory Guillot, NORTHCOM…

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Mike August 2, 2025

(FREE) PAINE IN THE MORNING: What you need to know this Monday – November 14, 2022

Here’s what you need to know today, Monday – November 14, 2022. There is also a full, ad-free video podcast of this broadcast available…

True Pundit November 14, 2022

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(PREMIUM) PAINE IN THE MORNING: What you need to know this Monday – November 14, 2022

Here’s what you need to know today, Monday – November 14, 2022. Troubled crypto boss Sam Bankman-Fried, who lost $15B in a week, funneled millions to Dems, far-left causes – Sam Bankman-Fried, the now-bankrupt founder of crypto exchange FTX, is a prolific donor of Democratic candidates and liberal causes, and infused at least $38 million into…

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True Pundit November 14, 2022

Hot Wire — Back to the Future (2008-09) (2020-21) & How to Beat The Man Thru 2035

************* Let’s do an exercise I’m a middle class American. where can I expect to be in 10 years. provide a year by year breakdown what will happen to my assets. I have 400,000 in the bank As a middle-class American with $400,000 in the bank, your position in 10 years (by 2035) will largely…

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Mike September 25, 2025